Callan Family Office LLC Invests $2.17 Million in Equinix, Inc. (NASDAQ:EQIX)

Callan Family Office LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,300 shares of the financial services provider’s stock, valued at approximately $2,169,000.

A number of other hedge funds have also recently made changes to their positions in EQIX. Janney Montgomery Scott LLC bought a new stake in shares of Equinix in the 3rd quarter worth approximately $8,980,000. Concurrent Investment Advisors LLC lifted its position in Equinix by 2.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 34 shares in the last quarter. Graypoint LLC lifted its position in Equinix by 5.1% in the 3rd quarter. Graypoint LLC now owns 641 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 31 shares in the last quarter. Principal Financial Group Inc. lifted its position in Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after acquiring an additional 5,910 shares in the last quarter. Finally, Montecito Bank & Trust bought a new position in Equinix in the 3rd quarter valued at approximately $375,000. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, CEO Adaire Fox-Martin sold 1,370 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the sale, the chief executive officer now owns 4,329 shares in the company, valued at approximately $3,937,268.79. This represents a 24.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares of the company’s stock, valued at $7,878,652.27. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,054 shares of company stock worth $17,466,950. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Down 1.4 %

NASDAQ:EQIX opened at $859.52 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $83.66 billion, a price-to-earnings ratio of 100.53, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The business has a fifty day moving average price of $923.05 and a 200-day moving average price of $906.88.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is presently 219.42%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EQIX shares. Moffett Nathanson raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Barclays upped their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, BMO Capital Markets lowered their price objective on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $995.24.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.